PTON created a head and shoulders top a while back but has fought hard to get back above the neckline each time it fell below it.
There will be support at the double bottom and maybe the support will save this one again.
If I were to go short, I would place my stop above the neckline.
The neckline is support until broken with a confirmed downtrend. The pattern is not valid until a break of the neckline is made with conviction.
There will be support at the double bottom and maybe the support will save this one again.
If I were to go short, I would place my stop above the neckline.
The neckline is support until broken with a confirmed downtrend. The pattern is not valid until a break of the neckline is made with conviction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.